Jason: Jensen Huang will be back at Nvidia within 12 months | E2363

All right, everybody, it is Friday, November thirteenth. There's a ton in the news. This is this week in startups. We have to get to work immediately and talk about the situation at NVIDIA. L tee it up. This week in Startups is brought to you by Deal. Founders scale faster on Deal. Set up payroll for any country in minutes. Hire anyone, anywhere, get visas handled fast, and get back to building. Visit deal.com slash twist. That's D E E L dot com slash twist. G2I. G2I has been recruiting software engineers for over a decade. Go to g2i.co slash twist to find out how G2I vets engineers and can help you hire them in days, not weeks. PayPal. Paypal is built for all business. Get started at paypal.com slash business. So Jensen Wong is out as CEO of NVIDIA, the company he founded in nineteen ninety-three and has run for its entire The board announced Thursday that longtime CFO Collect Quest is now interim CEO. Wong will have no further ties to the company. Director Harvey Jones, the former synopsis CEO, is the board's first ever chair. The ouster, of course, follows report of three alleged affairs per Bloomberg.

Directors met remotely late into Wednesday night and Huang was given no choice But to resign, we're already starting to see some political fallout from this, Jason, in Congress. Senate Banking Chair Tim Scott wants Quang to testify on December third, and Commerce Secretary Howard Lutnick to follow on December tenth. Three House GOP chairs gave Huang until Friday evening to confirm a closed door interview on December first. Or face a subpoena, that's probably when we'll get some of the first quotes and feedback from Huang on everything that's going on. Meanwhile, the Wall Street Journal reports that in an August meeting Huang tore into Crest, calling her, quote, a deer in the headlights and a quote, reporting CFO rather than a strategic partner. Two more things I'll add before I get to your thoughts. Per The Wall Street Journal, the meeting was about billions of dollars in guarantees. NVIDIA was negotiating for customers who couldn't afford its chips, including deals led by Huang's son-in-law, Nico Caprez.

Finally, there's already a lot of discussion about this narrative about one of the women that allegedly was having an affair with Jensen being a Chinese spy. As David Sachs uh noted, the spy narrative appears to be collapsing. There's uh the AG, the CA, IA, the DNI, top house Intel Democrats are all concluding She may not actually be a spy. We don't seem to have evidence of her being a spy. So Jason, I'll now throw it to you. What what are the big stories that you're following in terms of like every news item is about this. What are the stories that you're following? And do you believe that this is a story about espionage, or is this just you know, like inappropriate behavior from a boss. Okay. So we're in a situation where it's a breaking news situation. In a breaking news situation, I'm going to always give a couple of disclaimers. I'm gonna say allegedly, and you should

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